A Montreal Superior Court judge dismissed an application by a lending syndicate, which included BMO, that wanted the high-end clothing e-commerce retailer liquidated instead. (The Logic)

Talking point: The judge found that the bid from the founders, brothers Rami, Bassel and Firas Atallah, “was superior to an orderly liquidation scenario,” which could bring in less net proceeds by several million and faced “significant execution risks,” according to the ruling dated Feb. 4. The court noted that “time is of the essence” in closing the transaction as the company’s cash reserves are depleting and projected to dip to $1.2 million on Feb. 27. The retailer laid off staff last year as it struggled with the impact of tariffs, and its lenders looked for a quick sale, having lost confidence in the firm. In September, a court granted Ssense temporary protection from its lenders while it filed for creditor protection.